H.E. Dato’ Sri Mohd Najib bin Abdul Razak, Prime Minister, Malaysia is confirmed as a keynote speaker at the World Future Energy Summit

H.E. Dato’ Sri Mohd Najib bin Abdul Razak, Prime Minister of Malaysia has highlighted the World Future Energy Summit in Abu Dhabi as one of the global drivers of renewable energy development around the globe in pursuit of environmental sustainability.

The Malaysian Prime Minister has said that the World Future Energy Summit will play a significant role, alongside Copenhagen, in accelerating the uptake of renewable, the future of the energy sector.  He will be one of the speakers the Plenary Welcome Session, that will open the World Future Energy Summit for the third year from 18-21 January 2010.  Other speakers in the session will include HE President Karolos Papoulias, President, Greece; HE Mohamed Nasheed, President, Maldives; HRH The Crown Prince Felipe de Borbón y Grecia, Spain and HRH The Crown Prince Frederik André Henrik Christian, Denmark.

Razak, Prime Minister of Malaysia commented on the challenges surrounding the adoption of renewable energy sources, “Each and every one of us has a role to play in driving the swift adoption of renewable energy.  For a developing country like Malaysia, the cost of renewable energy generation is still high and is not economically viable because generating a return of investment takes a long time.  It is therefore not easy to convince businesses to consider power generation from renewable resources as an attractive business opportunity.”

“Hence why, to jumpstart the development of renewable energy, introducing the right policy support and providing an environment that is conducive is a vital issue that governments must address and Malaysia is working actively towards that.  However, it must also be said that this responsibility must be complemented by other stakeholders such as the private sector, industry, banking communities including the general public,” he continued.

The Malaysian government has played an instrumental role in promoting the use of renewable energy having included fiscal incentives in the annual budgets since 2001. The strategy adopted for the growth of renewables in the country is focused towards market forces delivering the intended outcomes. Malaysia has successfully attracted more than US$3 billion in Foreign Direct Investment in the solar PV manufacturing industry and is poised to become a solar PV manufacturing hub.

Mohd Najib, went on to comment on the World Future Energy Summit, “I feel that it is important for me to attend the World Future Energy Summit and partake personally in the development of renewable energy in the global scene.  I do believe that the World Future Energy Summit will play a significant role alongside Copenhagen, as renewable energy is the future. The World Future Energy Summit will continue to be one of the global drivers that will accelerate the uptake of renewable energy development in our pursuit of environmental sustainability for the sake of the future generation.”

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About WFES:

The 3rd edition of the World Future Energy Summit will be held from 18-21 January 2010, hosted by MASDAR, at the Abu Dhabi National Exhibition Centre under the patronage of HH General Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces

World Leaders, Policy Makers, Experts and Investors from 100 countries will meet in Abu Dhabi to identify real solutions for today’s climate change and energy challenges. Over 600 exhibitors from 50 countries will be exhibiting at the World Future Energy and Environment Exhibitions on a total space of 40,000sqm offering an unrivalled business and networking opportunities to over 20,000 attendees expected to visit the summit and the exhibition.

Deutsche Bank Climate Change Advisors is the principal sponsor of WFES 2010. Emirates Aluminium is Associate Sponsor, and Platinum Sponsors include BP Alternative Energy, Standard Chartered, Abu Dhabi Water and Electricity Authority, Exxon Mobile, ABB, Oxy and the Abu Dhabi Department of Municipality Affairs.

For more information on the programme or to register, visit www.worldfutureenergysummit.com

About DBCCA:

DB Climate Change Advisors group (DBCCA) is the institutional and alternatives investment management business of Deutsche Asset Management, managing assets of institutional investors and high net worth individuals. DeAM is one of the leading climate change investors in the world, with approximately $4 billion under management as of March 2009.  With a world-class in-house research team focusing on this theme, DeAM is an investment industry thought-leader on a broad range of climate change dynamics.

In June 2009, DBCCA launched the world’s first scientifically valid, real-time carbon counter, a nearly 70-foot-tall digital billboard displaying the running total of long-lived greenhouse gases in the atmosphere in New York.  The Carbon Counter Number is available 24 hours a day at http://www.know-the-number.com and updates are available at ttp://twitter.com/knowthenumber

For more information:

James Hawksworth

Sr. Account Director

Asda’a – Burson Marsteller

Tel. +971 2 6334133

Fax +971 2 6334137

Email: j.hawksworth@asdaa.com